US stocks rise on hopes Fed will leave rates unchanged - RTHK Apps A A A 繁 简 Eng Menu News Homepage Latest News Video Gallery News Programmes Photo Gallery News Bulletins News Archive Send To RTHK News Error News Archive Live Video News Search 2025 2026 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Latest News Local Greater China World News Finance Sport News Bulletins Photo Gallery Video Gallery Can search within past 12 months Home US stocks rise on hopes Fed will leave rates unchanged 2026-09-04 HKT 07:55 Share this story Federal Reserve Governor Christopher Waller said he would be inclined to let key interest rates stand should upcoming data confirm that price pressures are easing. Photo: Reuters Wall Street rallied on Thursday as investors curbed their rate hike bets after US Federal Reserve Governor Christopher Waller said he would support holding the Fed funds target rate steady if data shows inflationary pressures are abating. All three major US stock indexes closed at least 1 percent higher, with the Nasdaq enjoying a boost from the "Magnificent Seven" group of AI-related megacap stocks. All three indexes were on track for weekly gains. Fed Governor Christopher Waller said he would be inclined to let key interest rates stand should upcoming data confirm that price pressures are easing, but added he would support a rate hike if inflation fails to cool down. Following Waller's remarks, financial markets moderated expectations for rate hikes at the Fed's September meeting, lowering the likelihood to 50.4 percent from 63.2 percent on Wednesday, according to CME's FedWatch tool. The benchmark US Treasury yield pulled back for the second straight session after touching its highest level since November 2023. Rate-hike expectations had spiked in recent sessions, as long-dated bond yields surged to the highest levels in years on a global bond sell-off driven by fears of inflation, ballooning debt and geop